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1. Tennessee. Cost-of-living index: 90.3 Annual cost of necessities: $33,060 Annual expenditure: $65,889 Tennesse ranks as the cheapest state without income tax on the list.
The sparsely populated western state of Wyoming rose from the 16th cheapest state in 2023 to the 18th cheapest in 2024. The cost of living there, however, is still 7.6% lower than the country as a ...
Personal finance expert George Kamel, who works with financial guru Dave Ramsey, assembled a list of the 12 states with the lowest cost of living. Also check out the cost of living in every state ...
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state).
Augusta, for example, landed at #8 on Zillow's ranking of the most affordable places to buy a home in 2024 and earned the same spot on Kiplinger's list of the cheapest cities to live in 2024.
The cost of living throughout the United States is on the rise. This affects Americans everywhere, but people who live in notoriously expensive states are hit particularly hard by it. After all,...
10. Indiana: $3,695. The Midwest has a wealth of states with low-cost assisted living communities. Indiana rounds out the list of 10 cheapest, with a 15% reduction in cost since 2021.